Tomorrow is the deadline for executives from the big three car makers to explain to Congress and the American taxpayers how they would spend the 25 billion dollars they are asking for.

The CEO's last trip to Capitol Hill, on their jets, was a fiasco.

What the automakers will submit to Congress could be described as "the good, the bad, and the ugly."

The plan is going to have a lot more texture and substance to it than it had last week when they just simply said "give me money."

First, the good: Detroit's next-generation hybrids and plug-ins, which are the key to future profitability. The big three are expected to share top-secret information about these vehicles to convince Washington there's light at the end of the tunnel.

Then there's the bad: the big three's big debt. To raise cash, Ford could propose the sale of Volvo. Chrysler could put Jeep on the block.

GM is also reportedly considering eliminating some of its brands, including Pontiac, Saab, Hummer, and Saturn.

Finally, the ugly: those bloated CEO salaries and union contracts, in addition to skipping the private jet this time, the head of GM will reportedly agree to a deeper pay cut.

Expect the union to make concessions too, on health and pension, and on its controversial jobs bank, which pays laid-off workers to do nothing.

All this to avoid Chapter Eleven, which would help Detroit restructure but could make its cars unsellable. Warranties will all be at risk.

Will the dealers be there to support the fixing of these vehicles in the future? All of that is at risk.

For Detroit, the good, the bad, and the ugly are finally on the table. And the stakes couldn't be higher.

The head of the "United Auto Workers" says the nation "cannot afford to see these major companies fail."